IssuerAnnouncementDetailsV2Portlet
AL Wasatah Al Maliah (Wasatah Capital) Announces the Occurrence of Specific Event to AL AZIZIAH REIT Fund
| Element List | Explanation |
|---|---|
| Description of the Event | Al Wasatah Al Maliah (Wasatah Capital), in its capacity as the fund manager of Al Aziziah REIT Fund, announces that the Fund has collected an amount of SAR 1,478,673.75 relating to receivables for the years 2018 and 2019, as part of the Fund Manager’s efforts to follow up and collect the outstanding financial receivables due from Eskan for Development and Investment Company (The Company), as a former tenant. Accordingly, there are no remaining outstanding amounts due from The Company. |
| The Impact Caused by the Event | This collection is expected to have a positive impact on the Fund’s cash liquidity and financial position, and any material developments, if any, will be disclosed in accordance with the relevant laws and regulations. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.